Plan Ledger DOL Form 5500 · updated monthly

Lakeland Holdings, LLC401(k)

THE LAKELAND GROUP RETIREMENT SAVINGS PLAN · CHARLOTTESVILLE, VA · plan year 2022

Reported admin expense ratio · 2022
0.20%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Lakeland Holdings, LLC reported $163,614 in plan administrative expenses for 2022: 0.20% of average plan assets, above the peer median. Employer contributions averaged $1,129 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other administrative & support services employers. By assets it is the 360th-largest of 2,266 plans among Virginia employers on file, and the 210th of 2,534 in administrative & support services. In 2022, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$74,540,250
Participants with balances1,426
Active participants1,361
Employer contributions$1,536,762
Employee contributions$4,647,809
Employer contribution per active participant$1,129
Average account balance$52,272
Benefits paid to participants$7,827,305
Plan auditUnmodified (clean) audit opinion
AuditorHANTZMON WIEBEL LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$115,276
Investment management$39,338
Professional / advisory$9,000
Total administrative$163,614
The Lakeland Holdings, LLC 401(k) match · 2022
Employer contribution per active participant$1,129
Median for plans this size$3,449

Lakeland Holdings, LLC's 2022 employer contribution ran below the $3,449 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$163,614 · 0.20%
Same employer
Similar plansAdministrative & Support Services · Virginia
Lakeland Tours, LLC VA$91.0M · 0.15%
Mvm, Inc. VA$83.2M · 0.54%
Mbo Partners VA$82.0M
Markon, LLC VA$42.3M · 0.41%
The Bionetics Corporation VA$34.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541902612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.